PODD · 10-Q · 2026Q2 · Full report

Interest Rate Outlook

INSULET CORP · 2026-08-05 · Importance 57 · Surprise 64 · In source text

Interest expense was $28.2 million for the six months ended June 30, 2026, with higher expense from the 6.5% senior unsecured notes issued in March 2025 and interest-rate swaps renewed at higher rates in April 2025. Interest income declined $11.8 million to $8.5 million because of lower average cash balances and, to a lesser extent, lower average interest rates. Insulet expects full-year 2026 net interest expense to increase to approximately $40 million, primarily because of lower interest income.

Key facts

• We expect net interest expense for the full year 2026 to increase to approximately $40 million, primarily due to lower interest income. source
• Company uses interest rate swaps paying fixed interest at a weighted average rate of 3.47% on a total notional value of $460.0 million of its Term Loan B. source
• Interest income decreased $11.8 million to $8.5 million for the six months ended June 30, 2026, compared with $20.3 million for the six months ended June 30, 2025. source
• Interest expense decreased $6.1 million to $13.5 million for the three months ended June 30, 2026, compared with $19.6 million for the three months ended June 30, 2025 primarily due to Term Loan B refinancing fees in prior year which did not recur in the current year. source
• Interest income decreased $6.5 million to $3.6 million for the three months ended June 30, 2026, compared with $10.1 million for the three months ended June 30, 2025. source
• Interest expense of $28.2 million for the six months ended June 30, 2026 was level with interest expense for the six months ended June 30, 2025 as the lack of refinancing fees was offset by higher expense resulting from the issuance of 6.5% senior unsecured notes in March 2025 and the renewal of interest rate swaps at higher rates in April 2025. source

Impact estimates